Nuance Communications (NUAN) is Reiterated by Deutsche Bank to Buy, Lowers Price Target to $ 25

Nuance Communications (NUAN) was Reiterated by Deutsche Bank to “Buy” while Lowering the Price Target of the company shares to $ 25 from a previous price target of $30 . Deutsche Bank advised their investors in a research report released on Aug 9, 2016.

Many Wall Street Analysts have commented on Nuance Communications. Shares were Reiterated by UBS on May 12, 2016 to “Neutral” and Lowered the Price Target to $ 18 from a previous price target of $19 .

On the company’s financial health, Nuance Communications reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.37. The company had revenue of $484.90 million for the quarter, compared to analysts expectations of $489.46 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

Nuance Communications (NUAN) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $16.3 and reached the intraday high at $16.41. The bulls started the profit booking and pushed the shares to intraday low of $16.21. The trading session was marked by a volume range of 34,19,423 shares exchanging hands. The 52-week high of the shares is $21.825 and the 52-week low is $14.37. The market cap of the company stands at $4,551 M and there are 27,92,17,320 shares in public circulation.

In a different news, on Aug 3, 2016, Adam Bruce Bowden (Executive VP Corporate Strateg) sold 6,000 shares at $16.03 per share price. According to the SEC, on Jun 10, 2016, Katherine A Martin (director) sold 10,000 shares at $17.25 per share price. On Mar 18, 2016, Mark R Laret (director) sold 14,000 shares at $19.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Nuance Communications Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Company’s solutions are used in healthcare mobile consumer enterprise customer service and imaging markets. The Company offers accuracy natural language understanding capability domain knowledge and implementation capabilities. The Company’s solutions are based on the Company’s voice and language platform and are used by businesses for tasks and services such as requesting information from a phone-based self-service solution dictating medical records searching the mobile Web by voice entering a destination into a navigation system or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways including through products hosting professional services and maintenance and support. The Company operates in four segments: Healthcare Mobile and Consumer Enterprise and Imaging.

Nuance Communications

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